Equipment Lease Purchase Agreement, Radios, Public Safety (APX)

The contract is for the lease of equipment, specifically radios for public safety, between the City of St. Petersburg, Florida and Motorola Solutions, Inc. The lease term is 66 months, and the total lease payment is $6,146,027.13. The contract includes a purchase option, which allows the City to purchase the equipment at the end of the lease term. The contract also includes provisions for insurance, maintenance, and repair of the equipment. The City is responsible for paying all costs associated with the equipment, including insurance, maintenance, and repair. The contract is subject to the laws of the state of Florida. Key points: * Lease term: 66 months * Total lease payment: $6,146,027.13 * Purchase option: available at the end of the lease term * Insurance: required, with the City responsible for paying premiums * Maintenance and repair: the City is responsible for maintaining and repairing the equipment * Governing law: laws of the state of Florida